Nifty - Technical Outlook and Intraday Trading Levels, 08 July 2010

Today, 5280 is the crucial intraday level for Nifty.

If Nifty sustains below 5280, then it could test 5235 and below that level it could test 5200.
Instead, if Nifty trades above 5280, then it could test 5300 and above that level it could test 5330.

Short term Technical View of Nifty

For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4730. Instead, if it trades above 4950, then it is likely to test 5450.

Nifty Futures - Intraday and Positional Trading Levels, 08 July 2010

Today, 5285 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5285, then it could test 5245 and below that level it could test 5200. 
Instead, if Nifty futures trades above 5285, then it could test 5315.